$962 million Food Duty Cuts Foregone as EU and U.S. Focus on Scope Limits — Panjiva


$962 million Food Duty Cuts Foregone as EU and U.S. Focus on Scope Limits

Ags - Fruit/Veg 82 Ags - Grains/Beans 162 Ags - Meat/Dairy 138 Ags - Softs 81 Cons. Discr. - Autos 661 Cons. Staples - Food/Beverages 395 European Union 406 Trade Deals 702 U.S. 3297

EU Trade Commissioner Cecilia Malmström as reiterated that “agriculture would not be part” of a U.S.-EU trade deal. That may make the deal simpler to complete but misses a significant opportunity for the American side. U.S. exports of agricultural products to the EU reached $9.17 billion in the 12 months to Sept. 30 after a 13.7% increase. That was driven by a 21.5% rise in oil seeds (including soybeans) and 54.7% in cereals – both products where U.S. exports have been declining or where growth has stagnated due to retaliatory duties applied by China. With $962 million ...

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